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  • H. R. 9149, also known as the "Allowing Steady Savings by Eliminating Tests Act" or the "ASSET Act," aims to eliminate asset limits for eligibility in certain federally funded public assistance programs. The bill proposes changes to ensure that families can save more money...

    Simple Explanation

    The ASSET Act is a plan to help families save money without losing their help from the government by changing the rules that decide who can get things like food and energy aid. It lets people keep more of their own money in the bank, so they don’t have to worry about losing their benefits.

  • S. 4784, also known as the "Allowing Steady Savings by Eliminating Tests Act" or the "ASSET Act," aims to remove asset limits for eligibility in certain federally funded public assistance programs, such as Temporary Assistance for Needy Families (TANF), Supplemental Nutrition Assistance...

    Simple Explanation

    The ASSET Act wants to make it easier for families to save money by letting them keep getting help from programs like food stamps even if they have some savings. It also plans to let people who get a special type of money help called SSI have more savings without losing that help.